Small Business COVID-19 Adaption Grant Program

Added on 25 June 2020 by Etairos Accounting

The objective of this program is to support small businesses subject to closure or highly impacted by the coronavirus (COVID-19) shutdown restrictions announced by the Queensland Government, to adapt and sustain their operations, and build resilience.

After Round 1 of the program was allocated very quickly, a second round has been announced and will be accepting applications from 1 July 2020.

The aim of the grant

The program aims to see small and micro businesses:

prepare for the safe resumption of trading in the post COVID-19 recovery
continue to meet operating costs
access digital technologies to rebuild business operations and transition to a new way of doing business
respond to online opportunities, where possible, to sustain employment and maintain potential for longer-term growth
upskill and reskill business owners and staff to benefit from new technologies or business models
embrace business diversification to adapt and sustain operations
create or retain employment

Eligibility criteria

To be eligible, your business must:

have been subject to closure or otherwise highly impacted by current shutdown restrictions announced by Queensland's Chief Health Officer on 23 March 2020
demonstrate you have experienced a minimum 30% decline since 23 March 2020, over a minimum 1-month period due to the onset and management of COVID-19
employ staff and have fewer than 20 employees at the time of applying for the grant (employees must be on your payroll and does not include the business owner(s)
have a valid Australian Business Number (ABN) active as at 23 March 2020 be registered for GST
have a Queensland headquarters
have an annual turnover over $75,000 for the 2018–19 or 2019–20 financial year, or you can provide financial records that show this will be met for recently started small businesses
have a payroll of less than $1.3 million
not be insolvent or have owners or directors that are an undischarged bankrupt

Only 1 application per round will be accepted from an individual ABN or a financial beneficiary of a business.

Successful applicants from round 1 of this program cannot apply for funding under round 2.

If you have submitted a round 1 application but haven't heard back yet, you are eligible to apply for round 2.